House Edge - page 5. | Bitcointalksearch.org

Don Pedro Dinero

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Quote from: ?? on ??

You are the expert so there is no explanation for you. Go and select any game from BCH.Games and win. And the last time when I played slot games in one of the hotel I visited, for your information I won the game even though house edge is a casino centric games. I don't know why you guys are just like this. even players are winning like that in house edge games, yet some players still win, though players winning is rare.

Look, to avoid drama I'm going to delete the neutral tag, but in this reply you again prove that you have no fucking idea what you're talking about. The House Edge has nothing to do with you winning or losing in a session.

EarnOnVictor

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Quote from: 3kpk3 on April 08, 2024, 12:55:35 AM

Quote from: EarnOnVictor on April 07, 2024, 04:11:00 PM

First, BCH.games seems to be spreading more rapidly on the gambling section of the forum lately and I suspect that you guys are stylishly doing this, which is evident by using new accounts just for the purpose. Why not come straightforwardly, this forum accommodates all.

It's hilarious seeing some of you completely change the name of BC.Game to BCH.games adding h and s and making it seem like BitcoinCash.games which is just weird if y'all think about it.

Also, I don't think anyone is trying to indirectly advertise BC.Game here because they are doing well in this forum lately and don't need to go to such lengths. Think!

Next time, perhaps you need to visit that bed or allow that intoxicant to wear off before you reply, rather than running your mouth and showing too-know in a manner that makes you look so gross.

For your information, no one is talking about BC.Game but BCH.games, they are two different casinos. Careless people like you will be so bold to reply to what you do not know anything about even without doing a single research to ascertain the fact whether it's what you know or not.

Mr. Magkaisa

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Quote from: Beparanf on April 07, 2024, 01:27:31 PM

Quote from: ?? on ??

If you calculate your mathematics very well then you can win the 2x in the BCH.Games. But mainly that should be permitted by the owners of the house and not the gambler. Yes you need to roll the required number t win the game. And if only you have the luck. Now they have you the percentage so it is for you now to roll in to the required %. And one thing you have to know that house edge game is purely mathematical. So you have to plan and calculate well before rolling.

This is wrong, we are only talking about house edge of 1% difference so it’s not an easy x2 difference since this percentage is not even noticeable on every game. There’s no guarantee that you will win x2 by having a 1% house edge advantage over the other casino. That’s not house edge work and it requires millions or more bets before you experience the effect of the 1% difference on house edge.

Most of the time you will not gonna notice because it doesn’t take effect immediately. Also this is house edge which means a percentage which casino getting on your total bets. I think better words is you will lose less by playing on BCH.games

- So that means this might be one of the reasons why many gamblers always lose, right? because if they don't do it, then no casinos will really survive without these marketing strategies.
At least I'm getting an idea of how casinos make a profit.

All I know is that the house edge always wins because I think they always have control over every game that a player chooses as a gambler, gamblers and they only choose the winners, right?

Don Pedro Dinero

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Quote from: Beparanf on April 07, 2024, 01:27:31 PM

Quote from: ?? on ??

If you calculate your mathematics very well then you can win the 2x in the BCH.Games. But mainly that should be permitted by the owners of the house and not the gambler. Yes you need to roll the required number t win the game. And if only you have the luck. Now they have you the percentage so it is for you now to roll in to the required %. And one thing you have to know that house edge game is purely mathematical. So you have to plan and calculate well before rolling.

This is wrong, we are only talking about house edge of 1% difference so it’s not an easy x2 difference since this percentage is not even noticeable on every game. There’s no guarantee that you will win x2 by having a 1% house edge advantage over the other casino. That’s not house edge work and it requires millions or more bets before you experience the effect of the 1% difference on house edge.

It seems to me that the person you quote is a clear case of people who write here without having any idea about gambling.

What calculations do you do to win in BCH.games, Agbe? Let's see if you can enlighten us, because when I play slots or roulette, no matter what calculations I do, I can't beat the HE.

Quote from: carlfebz2 on April 07, 2024, 07:33:18 PM

There are people who cant really be able to know on what HE is, they do thinking up that this is some sort of winning chance or similar to this without even trying out to realize that this is really indeed the money which the casino is really taking from you <... >So it would really be that a matter of whether you are really that lucky in overall...

Yes, you didn't express yourself very well, but it seems to me that his is a case of thinking he can somehow 'beat' HE, when he doesn't understand what it is.

3kpk3

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Quote from: EarnOnVictor on April 07, 2024, 04:11:00 PM

First, BCH.games seems to be spreading more rapidly on the gambling section of the forum lately and I suspect that you guys are stylishly doing this, which is evident by using new accounts just for the purpose. Why not come straightforwardly, this forum accommodates all.

It's hilarious seeing some of you completely change the name of BC.Game to BCH.games adding h and s and making it seem like BitcoinCash.games which is just weird if y'all think about it.

Also, I don't think anyone is trying to indirectly advertise BC.Game here because they are doing well in this forum lately and don't need to go to such lengths. Think!

carlfebz2

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Quote from: Beparanf on April 07, 2024, 01:27:31 PM

Quote from: ?? on ??

If you calculate your mathematics very well then you can win the 2x in the BCH.Games. But mainly that should be permitted by the owners of the house and not the gambler. Yes you need to roll the required number t win the game. And if only you have the luck. Now they have you the percentage so it is for you now to roll in to the required %. And one thing you have to know that house edge game is purely mathematical. So you have to plan and calculate well before rolling.

This is wrong, we are only talking about house edge of 1% difference so it’s not an easy x2 difference since this percentage is not even noticeable on every game. There’s no guarantee that you will win x2 by having a 1% house edge advantage over the other casino. That’s not house edge work and it requires millions or more bets before you experience the effect of the 1% difference on house edge.

Most of the time you will not gonna notice because it doesn’t take effect immediately. Also this is house edge which means a percentage which casino getting on your total bets. I think better words is you will lose less by playing on BCH.games

There are people who cant really be able to know on what HE is, they do thinking up that this is some sort of winning chance or similar to this without even trying out to realize that this is really indeed the money which the casino is really taking from you. You would really be able to definitely feel up on how much you do lost on the time that you've seen on how much you have overall wagered but if your winnings is something which is way more than on what you have lost then for sure you wont really be able to feel up the difference. So it would really be that a matter of whether you are really that lucky in overall
because those HE deductions would really be that easily patched up. Just like been said this would really be felt up on long duration type of gambling where those house edge will really be something
that you could be able to feel.

EarnOnVictor

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First, BCH.games seems to be spreading more rapidly on the gambling section of the forum lately and I suspect that you guys are stylishly doing this, which is evident by using new accounts just for the purpose. Why not come straightforwardly, this forum accommodates all.

For I see nothing so serious about this question except for this recent advanced advertisement style where a well-known name like Stake.com would be used to compare the targetted company (lesser ones). The 1% and 2% house edge are always simple arithmetics, and it is all about what the house wants for them and their customers, so why so much concern about what is obvious?

I also hope the provably fair is truly fair over there.

Beparanf

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Burpaaa

Quote from: ?? on ??

If you calculate your mathematics very well then you can win the 2x in the BCH.Games. But mainly that should be permitted by the owners of the house and not the gambler. Yes you need to roll the required number t win the game. And if only you have the luck. Now they have you the percentage so it is for you now to roll in to the required %. And one thing you have to know that house edge game is purely mathematical. So you have to plan and calculate well before rolling.

This is wrong, we are only talking about house edge of 1% difference so it’s not an easy x2 difference since this percentage is not even noticeable on every game. There’s no guarantee that you will win x2 by having a 1% house edge advantage over the other casino. That’s not house edge work and it requires millions or more bets before you experience the effect of the 1% difference on house edge.

Most of the time you will not gonna notice because it doesn’t take effect immediately. Also this is house edge which means a percentage which casino getting on your total bets. I think better words is you will lose less by playing on BCH.games

shield132

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Quote from: ricasw on April 03, 2024, 02:57:00 PM

Both Stake and BCH.games have popular games such as Mines, Tower, Crash, and Target (notably referred to as Limbo on Stake). Stake's platform indicates a house edge of 1% for these games, whereas BCH.games lists a house edge of 2%.

Given that both platforms games are provably fair, I'm curious about the source of the discrepancy in house edge rates. Specifically, does the increased house edge at BCH.games stem solely from the monetary requirements to win (e.g., needing to roll above a 50.99 on BCH.games for a 2x win in Target)?

How does this variation in house edge impact other games like Mines, Tower, and Crash? Are the dynamics similar, or is there another mechanism at play influencing the difference in house edge between the two platforms?

House Edge gives casinos an advantage over you. 1% house edge means that casino has a mathematical (1%) advantage over you and casino is a guaranteed winner for long-term. 2% house edge simply means that it has more advantage over you and long-term casino with 2% house edge will collect more profits than casino with 1% house edge.
If you want to have fun and long-lasting gambling experience, it's better to choose casino with the lowest house edge. 1% is the standard and you'll rarely find any casino with lower house edge.

Mines, Towers, Crash, etc... You should manually check their house edge on casino or contact their support.

Coin_trader

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Quote from: Poker Player on April 07, 2024, 12:47:58 AM

Quote from: Haunebu on April 06, 2024, 11:11:52 AM

It's pretty simple op. Casinos like Stake are giving players a greater chance of winning while sites like BC.Game are giving players a lower chance of winning.

Well, I would say that's a consequence of traffic. A casino that has a much higher traffic and revenue can offer a lower HE, or a higher RTP if you prefer, and still make good profits. That way, by offering a higher RTP, it attracts more customers and the snowball gets bigger.

Valid point and aside from this. Stake is the most active casino on developing and promoting their original games.

They always release new original games while they have a consistent weekly challenge for their original games. They get more profit when players choose to play their original games because they don’t pay commission to 3rd party game providers. Stake probably wants to users play more on original games than the 3rd party games that’s why they lower their house edge aside from the competition with other casino original games.

TheUltraElite

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So anyway, I applied as a merit source :)

Quote from: ricasw on April 03, 2024, 02:57:00 PM

Given that both platforms games are provably fair, I'm curious about the source of the discrepancy in house edge rates. Specifically, does the increased house edge at BCH.games stem solely from the monetary requirements to win (e.g., needing to roll above a 50.99 on BCH.games for a 2x win in Target)?

Provably fair and House Edge are not the same thing. Provably fair means that they site is not rigging the rolls and you can verify the games to be fair on your own. House edge is the casino's odds advantage over the players' odds.

A site which is provably fair does not necessarily need to be a low edge game. These are two different things.

Quote

How does this variation in house edge impact other games like Mines, Tower, and Crash? Are the dynamics similar, or is there another mechanism at play influencing the difference in house edge between the two platforms?

Every game has a different house edge. Calculate that before you start playing, that should remove your confusion here.

Haunebu

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Quote from: Poker Player on April 07, 2024, 12:47:58 AM

Well, I would say that's a consequence of traffic. A casino that has a much higher traffic and revenue can offer a lower HE, or a higher RTP if you prefer, and still make good profits. That way, by offering a higher RTP, it attracts more customers and the snowball gets bigger.

Valid points. Stake is the most popular crypto gambling site out there which is why they can afford to provide such a low house edge for their games while sites like BC.Game are slightly popular in comparison.

Other factors like minimum bet, withdrawal fees, promos etc should also be checked instead of just relying on house edge in my opinion.

Poker Player

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Quote from: Haunebu on April 06, 2024, 11:11:52 AM

It's pretty simple op. Casinos like Stake are giving players a greater chance of winning while sites like BC.Game are giving players a lower chance of winning.

Well, I would say that's a consequence of traffic. A casino that has a much higher traffic and revenue can offer a lower HE, or a higher RTP if you prefer, and still make good profits. That way, by offering a higher RTP, it attracts more customers and the snowball gets bigger.

Haunebu

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It's pretty simple op. Casinos like Stake are giving players a greater chance of winning while sites like BC.Game are giving players a lower chance of winning.

Quote from: khaled0111 on April 05, 2024, 06:16:29 PM

Meaning, after one or few bets, the casino might be in profit or at loss but after too many bets the casino will most likely get 2% (or whatever the He is) from the total amount you have wagered.

It's not just 'Most Likely', but it's guaranteed basically. Casinos will always win against gamblers in the long-term implying that the only way gamblers can win against them is in the short-term.

Wapfika

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Quote from: ricasw on April 03, 2024, 02:57:00 PM

Given that both platforms games are provably fair, I'm curious about the source of the discrepancy in house edge rates. Specifically, does the increased house edge at BCH.games stem solely from the monetary requirements to win (e.g., needing to roll above a 50.99 on BCH.games for a 2x win in Target)?

Obviously they want to have an advantage against players that’s why it’s called a house edge. Increasing it will make them secure a fixed percentage of money on every bet of players. It saves them money from the payout of players when they win so that they will always a win win on every players bet.

Quote

How does this variation in house edge impact other games like Mines, Tower, and Crash? Are the dynamics similar, or is there another mechanism at play influencing the difference in house edge between the two platforms?

The higher the house edge means you will get less payout on the equivalent risk you are taking. But the dynamics of the games is always the same because they are programmed with almost same code. The only difference is the payout structure on every bet.

Fortify

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Quote from: ricasw on April 03, 2024, 02:57:00 PM

Both Stake and BCH.games have popular games such as Mines, Tower, Crash, and Target (notably referred to as Limbo on Stake). Stake's platform indicates a house edge of 1% for these games, whereas BCH.games lists a house edge of 2%.

Given that both platforms games are provably fair, I'm curious about the source of the discrepancy in house edge rates. Specifically, does the increased house edge at BCH.games stem solely from the monetary requirements to win (e.g., needing to roll above a 50.99 on BCH.games for a 2x win in Target)?

How does this variation in house edge impact other games like Mines, Tower, and Crash? Are the dynamics similar, or is there another mechanism at play influencing the difference in house edge between the two platforms?

In it's simplest terms, in one out of every 100 games one of those casinos will on average guarantee they win once, and the other casino will win twice. Another way of presenting it is, for each dollar that a player places a bet in those casinos, they'll get 99 or 98 cents back. The provably fair system will have these figures within the calculation, so there is nothing suspicious going on there and they are full upfront to users. Each game will have slightly different algorithms and stages, but it almost always leads back to that simple formula mentioned. These sites are consistent money makers for the owners, which is why they continue year after year, which should tell you everything you need to know.

Poker Player

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Quote from: khaled0111 on April 05, 2024, 06:16:29 PM

Meaning, after one or few bets, the casino might be in profit or at loss but after too many bets the casino will most likely get 2% (or whatever the He is) from the total amount you have wagered.

Well, that high possibility becomes certainty as the total bets increase. There are formulas to calculate it. In the short term the results can deviate statistically from that 2%, and in fact they usually do, it is what is known as variance, but in the longer term they deviate less, tending to that 2%.

livingfree

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Quote from: Mr. Magkaisa on April 05, 2024, 04:15:18 AM

If I look at it, it seems that a casino is similar to the management done by a crypto exchange, where it has a percentage profit for every trade performed by a trader.
That's why house most of the time wins in the games.

It's still different though while the exchange does get commission or fee every time a trade makes a trade and then gets it successfully. So, they're just always getting it all without having the return.

They serve as mediators to the other traders that are using their platform and there's no risk with them. While for the casinos, they're not a mediator and they don't get commission every time someone gambles because they get the entirety of it if someone loses unless the game that they have is a P2P just as the exchanges.

So unlike the exchanges, they're the opponents of the players themselves.

khaled0111

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Quote from: Mr. Magkaisa on April 05, 2024, 04:15:18 AM

Is that 2% deducted by the house edge from all casino players for every bet they make with a game provider? So does this mean that, win or lose,
the house always has a cut on everything a gambler bets?

No, the casino does not get 2% from each bet placed. However, on the long run ((after many many bets), the house edge which is the advantage the casino has over the player ensures that the casino will be in profit by near 2% from the total wagered amount.
Meaning, after one or few bets, the casino might be in profit or at loss but after too many bets the casino will most likely get 2% (or whatever the He is) from the total amount you have wagered.

Fatunad

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Quote from: paxmao on April 05, 2024, 04:37:37 AM

Quote from: Odusko on April 03, 2024, 03:09:11 PM

I guess in simple terms the 2% house edge give the chance for the game outcome to favor the house on 2x advantage compared to the other casino that have 1% house advantage.
Sometimes I ask how we measure the probably fairness of the game system when there is house edge in place, regardless of how the casino promise to be fair?

Absolutely, a 2% house edge is excessive in my view for a general case of gaming. Having said that, the very famous roulette has what... like 1 in 50 to the house permanent on the numbers betting on average? That is a 2% edge and even more if you play with the double 00 or, as I have seen with triple zero too in some American casinos. Anyway, you can always find a better deal that 2% that is for sure.

If a certain platform would really be having that kind of 2% house edge into their games specially on dice then this one would really be left out on the competition on which the lowest i have seen
is on crypto.games which had that 0.8% and this is something the lowest HE i have seen specially on dice game, but i dont know if they have changed it out since i havent checked out the site.
When it comes to winning probability then everything would really becomes random and this is something that HE isnt the reason on lessening out. It would really be just that
a matter of difference on the loses that you could get or accumulate when the game is really that running even more longer.

Topic: House Edge - page 5. (Read 1100 times)